Guideline Value for Brindavan Nagar

Brindavan Nagar guideline value

The current guideline value of Brindavan Nagar, located in Kavundampalayam village under the Vadavalli SRO, is Rs 1,325 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Brindavan Nagar has changed

The guideline value for Brindavan Nagar has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,325 per sq.ft, which is an increase from Rs 1,200 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the guideline value was Rs 804 per sq.ft, which reflects a significant increase of +49% to reach the 2023 figure.

Looking further back, the 2012 revision also recorded a guideline value of Rs 1,200 per sq.ft, but this was a decrease of -33% from the Rs 804 per sq.ft noted in 2017. Overall, from 2012 to 2024, the guideline value has increased by +10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value for the village is Rs 1,000 per sq.ft, placing Brindavan Nagar's 2024 figure above this median.

• Brindhavan Nagar: Rs 1,020 per sq.ft (2024)
• Cheran Nagar: Rs 1,325 per sq.ft (2024)
• Cheran Nagar A,B,C Extension: Rs 1,000 per sq.ft (2024)
• Cheran Nagar Backside: Rs 1,000 per sq.ft (2024)
• Chettiar Amma Kadu 1st Street: Rs 1,000 per sq.ft (2024)
• Chettiar Amma Kadu 2nd Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,325 per sq.ft, the total guideline value would be Rs 13,25,000. The stamp duty at 7% would amount to Rs 92,750, and the registration fee at 2% would be Rs 26,500, bringing the total cost for these fees to Rs 1,19,250. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindavan Nagar?

The Sub Registrar Office that covers Brindavan Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kavundampalayam

When buying or selling property in Kavundampalayam, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for property transactions, ensuring that the fees are calculated based on a standardized value set by the Registration Department.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of property transactions. Accurate knowledge of the current guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Brindavan Nagar?

The current guideline value of Brindavan Nagar is Rs 1,325 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,325 per sq.ft in 2024, a +10% increase. It was Rs 804 per sq.ft in 2017, which represents a +49% increase to the 2023 figure.

What is the land classification of Brindavan Nagar?

Brindavan Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Brindavan Nagar?

The registration office for Brindavan Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is stamp duty calculated for properties in Brindavan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 92,750.